192.00 +0.66 (0.34%)
After hours: 7:39PM EST
|Bid||190.84 x 1800|
|Ask||196.00 x 800|
|Day's Range||190.35 - 195.89|
|52 Week Range||190.35 - 275.31|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||13.96|
|Forward Dividend & Yield||3.20 (1.58%)|
|1y Target Est||N/A|
(GS) Group stock has fallen below book value for the first time in more than two years and ranks as the worst-performing stock in the Dow Jones Industrial Average so far this year. The dual dubious distinctions have come as Goldman (ticker: GS) shares have continued their recent decline, falling 3.5%, or $6.86, to $191.36 amid a selloff for financial stocks on Tuesday. Goldman shares now are down 24.9% in 2018, the worst showing among the 30 members of the Dow industrials, Bloomberg data show.
Most stocks have been thoroughly shaken and stirred since early October, and a long-overdue corrective move finally took shape. Not even the bluest of the blue chips have been immune. The Dow Jones Industrial Average still is off its record high from a couple months ago, and several Dow stocks still are vulnerable to more selling. The initial shellshock has started to fade, however, the smoke is clearing and some stocks are recovering. Smart investors are now weighing the impact and searching for opportunities. Some Dow Jones stocks may have more downside to dish out, but a handful of these iconic names are looking oversold, undervalued and ripe for a rebound sooner than later. Remember: Corporate earnings have never been better, and consumer confidence is as high as it's been in years. Clearly something is going right. Here's a look at five Dow stocks that may have more ground to give up before they hit bottom, and two industrial-average components that may already be buys at current prices. But a note: Most of these "stocks to sell" are merely in short-term trouble. A sizable pullback from any of them could ultimately turn into a buying opportunity. SEE ALSO: 12 Vulnerable Stocks to Watch on Market-Wide Weakness
LONDON (Reuters) - Investment bank Goldman Sachs said on Tuesday that it expected emerging market shares, currencies and bonds to see a modest rebound next year. "We expect modest positive returns across the major EM indices next year, albeit with low risk-adjusted returns," analysts at Goldman said in a 2019 outlook report. They forecast that emerging market equities would see the biggest rise at 12 percent in dollar terms, while EM currencies should appreciate by around 2 percent on average due to economic improvements and a modestly weaker U.S. dollar. ...
Tania Mirchandani filed a 2017 gender discrimination complaint against Goldman Sachs, alleging she was fired when she was taking Goldman Sachs' four-month paid parental leave, Bloomberg reports.
Kuwait Projects Co (KIPCO) , the Gulf state's largest investment company, has hired Goldman Sachs to advise it on the sale of its majority stake in pay-television operator OSN, sources familiar with the matter told Reuters. OSN, which this year signed the first partnership deal in the region with Netflix, posted a 71 percent drop in income in the three months to Sept. 30, according to KIPCO's latest financial results. KIPCO and Goldman Sachs declined to comment.
Canada Goose, Western Digital, Square, Goldman Sachs and Bitcoin Investment Trust highlighted as Zacks Bull and Bear of the Day
The savage sell-off of US technology stocks broadened into a global market retreat on Tuesday, stoked by investor fears around trade tension, slowing economic growth and weak corporate earnings in the US, Asia and Europe. The Nasdaq Composite index ended a turbulent trading day down 1.7 per cent, nearly wiping out the last of its gains for the year. It fell 1.8 per cent.
The Oracle of Omaha is at it again, making some noteworthy changes in the holdings of his company, Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B), thereby altering the outlook of Berkshire Hathaway stock. For other investors who are trying to obtain trading ideas, however, Berkshire’s quarterly report is always of interest. Warren Buffett isn’t nearly as concerned about sector diversification as the average investor is.
Apollo Global Management LLC (APO.N) and billionaire co-founder Leon Black said on Monday they have uncovered proof that a former executive suing them for $1.5 billion stole confidential information as he prepared to bolt the private equity firm and compete with it. The allegations were made in response to a July 12 lawsuit in which the former executive, Imran Siddiqui, said Apollo and Black tried illegally to undermine his new venture, Caldera Holdings Ltd, and prevent it from competing with their "golden goose," the insurer Athene Holding Ltd (ATH.N). It is rare for private equity firms to accuse former executives publicly of stealing trade secrets.
Bitcoin and several other major cryptocurrencies--including ripple, ethereum, and litecoin--have tumbled in the past day after a rash of headlines sparked concern about uncertainty among investors and traders.
According to GuruFocus' list of 52-week lows, these Guru stocks have reached their 52-week lows. The price of Facebook Inc. (FB) shares has declined to close to the 52-week low of $139.53, which is 37.0% off the 52-week high of $218.62. The company has a market cap of $400.98 billion.
U.S-based financial firm Goldman Sachs Group Inc (NYSE:GS) is making headway into the cryptocurrency market and its recent milestone is the USDC approval by cryptocurrency exchange Binance. Circle, a Goldman Sachs-backed cryptocurrency startup created the USDC coin which is now available on Binance. This means that the cryptocurrency can be purchased, sold, sent or received […] The post Goldman Sachs Group Inc (NYSE:GS) Cryptocurrency USDC Gains Binance Approval appeared first on Market Exclusive.
Investment bank Goldman Sachs said on Monday it expected a broad fall in the dollar next year as U.S. economic growth slows to be more in line with the global average. Goldman said the view meant it had revised it long-standing bearish view on the Japanese yen and tipped Latin American currencies, the Swedish krona, Canadian, Australian, and New Zealand dollars and Israeli shekel to rise. "We see several changes to the global economic backdrop which, combined with a few negative medium-run factors, point to more downside than upside to the broad dollar in 2019," Goldman said in a macroeconomic outlook report for 2019.
U.S. stocks sold off for a second day on Tuesday as energy shares dropped with oil prices, and tech selloff spreads. Mark Lehmann, President of JMP Securities, joins The Final Round with his take on as stocks push weaker into the last month of trading.